Gregory J. Quarles - Apr 22, 2024 Form 4 Insider Report for APPLIED ENERGETICS, INC. (AERG)

Role
President and CEO, Director
Signature
/s/ Gregory J. Quarles
Stock symbol
AERG
Transactions as of
Apr 22, 2024
Transactions value $
-$15,430
Form type
4
Date filed
4/24/2024, 04:32 PM
Previous filing
Mar 25, 2024
Next filing
May 23, 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AERG Common Stock, par value $0.001 per share Options Exercise $2.45K +7K $0.35* 7K Apr 22, 2024 Direct
transaction AERG Common Stock, par value $0.001 per share Sale -$13.2K -7K -100% $1.89 0 Apr 22, 2024 Direct F1
transaction AERG Common Stock, par value $0.001 per share Options Exercise $1.05K +3K $0.35* 3K Apr 23, 2024 Direct
transaction AERG Common Stock, par value $0.001 per share Sale -$5.7K -3K -100% $1.90 0 Apr 23, 2024 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction AERG Non-Qualified Stock Options Options Exercise -7K -0.14% 4.93M Apr 22, 2024 Common Stock, par value $.001 per share 7K $0.35 Direct F2
transaction AERG Non-Qualified Stock Options Options Exercise -3K -0.06% 4.93M Apr 23, 2024 Common Stock, par value $.001 per share 3K $0.35 Direct F2
holding AERG Restricted Stock Units 1.95M Apr 22, 2024 Common Stock, par value $.001 per share $0.00 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Sale price reflects the weighted average price of multiple trades executed at prices ranging from $1.88 to $1.96, on April 22, 2024, and $1.86 to 1.93, on April 23, 2024. The reporting person undertakes to provide upon request to the SEC staff full information regarding the number of shares and prices at which the transaction was effected. Such shares were sold pursuant to a 10b-5 Plan which was adopted by Dr. Quarles on June 15, 2023.
F2 Options were issued in exchange for services rendered as an officer and director of the company.
F3 Restricted Stock Units are subject to vesting, and none of them were vested.